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eagle1003

eagle1003
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  • The Latest Commitment Of Traders Report Shows Record Speculative Short Positions [View article]
    The 'speculative shorts' have done well for the past four years while relieving the longs of their cash. At some point the shorts will want to lock in their most recent bountiful profits and a rally will ensue. That's guaranteed. While a short covering rally can coincide with a trend reversal, more often than not, the trend re-asserts itself. Unfortunately, the COT reports are not useful at predicting absolute lows or highs, except in hindsight.

    The miners (GDX) recently sunk to new historical lows and that is not a good thing.
    Jul 27, 2015. 04:00 AM | Likes Like |Link to Comment
  • Commodities Collapsed Just Before The Last Stock Market Crash - So Guess What Is Happening Right Now? [View article]
    Michael, your report does a wonderful job of summarizing a number of glaring inconsistencies between reality and the expectations of investors as evidenced by the excessively elevated stock markets of most Western countries. I couldn't agree more that a stock market crash is in the cards but I have to admit that it is troubling that the markets seem to be on an unshakeable high that clearly has nothing to do with the real economy.

    Have the central banks been that successful at creating the false illusion of economic growth? I guess that when there is no limit to the amount of money that can be created by way of a computer, anything is possible.
    Jul 23, 2015. 11:15 AM | 1 Like Like |Link to Comment
  • Stocks: Concerns About The Transports Are Overblown [View article]
    Eric, I would not be so quick to 'analyse' away the slippage of the transportation stocks. Their poor performance is just one more clue that the markets, as well as the US economy, are rotting internally and in plain view to anyone who steps back and looks at the big picture..

    The FED has demonstrated a clear reluctance to raise interest rates. Why? Well, obviously because they know the US 'recovery' has been little more than fantasy. In fact, other central banks are actively lowering rates due to weak local economies. Energy, metals and other commodities are crashing, something that should not be happening after a six year recovery and bull market. Heck, even agriculture commodities are tanking, despite a massive world population of people that need to eat. Yet, here we are with stock market indexes near record highs but with entire sectors deep into crushing bear markets that rival the crash of 2008. There is no disputing the fact that without health care, biotech and few internet related stocks, the indexes would be substantially lower than what we are seeing now.

    Investors have been focused on the likes of Apple, Facebook and Google (which recently experienced a 16% single day move up... crazy). Yes, Apple does manufacture (without employing US workers) neat 'toys' and the other two manufacture pretty much nothing and operate with a business model that relies primarily on advertising revenues.
    It should be clear that there is something very wrong with this non nonsensical state of affairs. It cannot and will not, continue.
    .
    I have been short for some time and getting beat up but not hesitating to add to the short position every time the index gets close to it's highs. The recent volatility is a clear sign, in my view, that a crunch is coming.
    Jul 23, 2015. 03:13 AM | 3 Likes Like |Link to Comment
  • April Call To Wait And Buy Gold Below $1,000 Still In Effect [View article]
    Doug, you have proven to be one of the few with an excellent 'big picture' viewpoint. Keep up the good work. I have never had a good handle on gold and accordingly, don't have a lot of precious metal exposure. Of course, what I do have is losing money!
    Jul 22, 2015. 11:03 AM | 4 Likes Like |Link to Comment
  • Apple Earnings: Not A Blow-Out, But Good Enough [View article]
    Good earnings and the stock slides. That is not good. What would happen if Apple has a bad quarter?
    Jul 22, 2015. 10:50 AM | 6 Likes Like |Link to Comment
  • Weekly Market Update: Some Of The Market 'Noise' Is Removed - Earnings Take Center Stage [View article]
    I like the rational behind this article. However,
    given that we coming up on what has all too often been the worst months of the year, that being August and September, the author is really sticking his neck out with the bullish commentary.
    Jul 19, 2015. 02:12 AM | 2 Likes Like |Link to Comment
  • Nasdaq sets another record as Google surges to all-time high [View news story]
    A sixteen percent gain in a single day is crazy and just the kind of thing that happens at tops.
    Jul 17, 2015. 11:03 PM | 3 Likes Like |Link to Comment
  • Gold Bulls May Laugh Last As U.S. Gold Production Shows A Stunning Drop In 2015 [View article]
    Zero: There is no arguing your point concerning the trillions of paper currencies. That still doesn't change the fact that almost all the gold ever mined is still, for the most part, readily accessible to those who hold it. (There's not much gold in the landfills)
    Jul 13, 2015. 10:26 PM | Likes Like |Link to Comment
  • Gold Bulls May Laugh Last As U.S. Gold Production Shows A Stunning Drop In 2015 [View article]
    This article is poorly researched and far too speculative to have any value. In fact, according to the World Gold Council, YOY first quarter production is actually up 2%. (http://bit.ly/1RuSGtk) A small drop in US production is meaningless to the big picture of world gold production. Sorry, Hebba, it isn't all about America.

    Keep in mind that nearly all the gold that has ever been mined is still in existence with much of it sitting in vaults as a possible source of supply which can be brought on stream very quickly. There is no "scarcity".
    Jul 13, 2015. 04:56 PM | 4 Likes Like |Link to Comment
  • Weekly Market Update: Stay Focused, China And Greece Are Non-Issues [View article]

    The author once made a comment a few years back that sums it all up nicely and I quote him : " I like to keep it simple, stocks trade on earnings, earnings are good, stocks have gone higher. So that's all that matters." That was very nicely put.

    In the short term , the market will react to 'news' but for the longer term, the market really doesn't care about Greece, China, unemployment, GDP, or anything else that doesn't directly impact earnings.

    However, there is a speculative nature to the market that allows for wildly inappropriate valuations that are not supported by earnings and will not be in the foreseeable future. I am talking about the Netflix, Amazon, Telsa types of companies as well as numerous bio-techs that are insanely valued and are in unsustainable bubbles. There will be a day of reckoning, as there always is.
    Jul 13, 2015. 01:04 AM | 2 Likes Like |Link to Comment
  • Greeks, Europeans, Even Americans Rush To Gold On Greek Crisis [View article]
    This article is nothing more than an advertisement for SchiffGold and comes straight off their website. While some Greeks have been "rushing" to buy gold, someone else has been rushing to sell them all they want at lower prices.
    Jul 4, 2015. 10:52 AM | 2 Likes Like |Link to Comment
  • A Simply Outrageous Call On Gold [View article]
    I hope that when gold hits $25 thousand per ounce, a loaf of bread doesn't cost $100.
    Jul 2, 2015. 01:35 PM | 6 Likes Like |Link to Comment
  • Near-Term Challenges To Continue For Coal [View article]
    Anytime a stock goes from above $100 to 50 cents, there is something seriously wrong. I am concerned that the most of the coal companies may take the easy way out and declare bankruptcy. The share holders, creditors and suppliers are get screwed while the CEOs and executives get to keep their jobs and it's back to business.
    Jun 29, 2015. 11:16 PM | Likes Like |Link to Comment
  • Natural Gas - Conditions Are Weakening, Get Ready To Pounce [View article]
    Just to clarify, UGAZ is not "thinly traded". Today, it was the seventh highest volume ETF.
    Jun 29, 2015. 10:40 PM | Likes Like |Link to Comment
  • The Supreme Court And Coal [View article]
    What is holding Walter back from declaring Chapter 11 immediately? The CEO and his executives will get to keep their jobs so what is the delay?
    Jun 29, 2015. 10:36 PM | Likes Like |Link to Comment
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